Large Restaurant for Sale in Grantham – 150 Covers. Town Centre Location

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MAIN FEATURES

• Town Centre Location
• High Footfall Area
• Circa 150 Covers Restaurant
• Fully equipped commercial kitchen
• Benefits from Gas and 2 Extractions
• 3 Phase Electricity
• Fully Fitted Modern Décor
• Premises Licence in Place

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LANDLORD’S REQUIREMENTS

• Rent deposit subject to references
• Personal Guarantor subject to references
• Proof of funds
• Accountant’s references
• Trade references

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LEASE DETAILS

• Lease: Ending August 2029 (Inside the LTA 1954)
• Option of New Lease Available
• Rent: 18,000/year plus VAT (Stepped rent agreed at 20,000/year from August 2024 till Aug 2025)
• Service Charge : 12,000/year (Water, Security, 2 Car Park)
• Rent Review: Every 3 years
• Next Rent Review: August 2025
• Premium: 65,000 (Business, Lease & FF&E)

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THE PREMISES

• Circa 3565 Sq. Ft
• Payable Business Rates: Circa 13,500/annum (Rateable Value: 27,500 )
• Circa 150 Covers Restaurant
• Fully equipped commercial kitchen
• Benefits from Gas and 2 Extractions
• Fully Fitted Modern Décor
• 3 Phase Electricity
• Town centre Location
• Current Opening Hours: 4pm -9:30pm

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THE LOCATION

• Grantham NG31
• 0.5 miles from Grantham Station

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VIEWINGS & CONFIDENTIALITY

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.

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DISCLAIMER

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.